Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue.

A jury was selected Monday at the insider trading trial of a former Goldman Sachs board member after prosecutors told a judge they expect to call a current Goldman board member as one of their first witnesses.

From his headquarters in Menlo Park, California, Facebook chief executive Mark Zuckerberg has rung the opening bell on the US Nasdaq market to announce the listing of his eight-year-old social networking company.

Goldman Sachs Group Inc has begun scanning internal emails for the term "muppet" and other evidence that employees referred to clients in derogatory ways, Chief Executive Lloyd Blankfein told partners in a conference call this week, according to people familiar with the call.

Kingfisher Airlines seems headed for more trouble. Civil Aviation Minister Ajit Singh told NDTV today that the airline has not adhered to plans crucial for its operations. Mr Singh also said that the government may cancel the airline's license.

Kingfisher Airlines chairman Vijay Mallya is expected to meet India's aviation regulator today to submit a revised schedule and to talk about a turnaround plan for the airline, local media reported on Monday.

As part of his union budget, Finance Minister Pranab Mukherjee has committed to tabling a white paper on black money in this session of Parliament. The document will share information on undeclared income held by Indians in foreign bank accounts to avoid taxes.

Today's Budget is one of the biggest challenges of Pranab Mukherjee's long political career and the Finance Minister set the tone for it when he described the year gone by as a "year of recovery interrupted." He began with listing grim ground realities - the global economic scenario, the battle with double digit inflation and said it was time for tough decisions. Here is the full speech delivered by Pranab Mukherjee in the Parliament today while presenting the financial budget.

Amid signs of a fraying relationship between the Congress and its allies, the former has some relief. The Union Budget presented by Finance Minister Pranab Mukherjee has so far not provoked any criticism from either the DMK of Mamata Banerjee's Trinamool Congress, both senior partners in the ruling coalition.